This chapter explores the antitrust case against Apple, focusing on the Department of Justice's objectives and challenges in proving Apple's monopolistic practices. It also delves into Reddit's recent IPO, discussing pricing shares at the top range, implications for investors, and the challenges Reddit faces as a publicly held company.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Intelligence Senior Antitrust Litigation Analyst Jennifer Rie reports on the US Justice Department suing Apple accusing the iPhone maker of violating antitrust laws by blocking rivals from accessing hardware and software features on its popular devices. Bloomberg News US Deals Reporter Ryan Gould and Bloomberg News Senior Executive Editor for Global Technology Tom Giles share their thoughts on Reddit shares jumping over their initial public offering price after the social media company and its shareholders raised $748 million priced at the top of a marketed range. Jill Castilla, CEO at Citizens Bank of Edmond, talks about the business of digital banking. And we Drive to the Close with Cheryl Smith, Portfolio Manager at Trillium Asset Management.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
See omnystudio.com/listener for privacy information.